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    SEPL   NGSEPLAT0008

SEPLAT ENERGY PLC

(SEPL)
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Delayed London Stock Exchange  -  05/18 04:08:32 am EDT
126.70 GBX   -0.24%
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SEPLAT ENERGY : CORPORATE ANNOUNCEMENT ON DIRECTORATE CHANGE - SEPLAT ENERGY PLC.

12/23/2021 | 02:27am EDT

Seplat Energy Plc

("Seplat Energy" or "the Company")

Change on the Board of Seplat Energy Plc

Lagos and London - December 23, 2021: The Board of Seplat Energy announces that it terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director on 22nd December 2021, due to breaches of the Company's corporate governance policies and his fiduciary duties. The Board has called for his resignation as a Director of Seplat Energy.

In line with Seplat Energy's Memorandum and Articles of Association, Platform Petroleum Limited has been asked to nominate a candidate for his replacement on the Board, and a further announcement will be made in due course.

- ENDS -

FOR: SEPLAT ENERGY PLC.

MRS. EDITH ONWUCHEKWA

DIRECTOR, LEGAL/COMPANY SECRETARY

Enquiries:

Seplat Energy Plc

+234 (01) 277 0400

Emeka Onwuka

CFO

Edith Onwuchekwa

Director, Legal/Company Secretary

Chioma Nwachuku

Director, External Affairs and

Sustainability

Carl Franklin

Head of Investor Relations

FTI Consulting

seplatenergy@fticonsulting.com

Ben Brewerton

Chris Laing

Disclaimer

Seplat Energy plc published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 07:26:03 UTC.


ę Publicnow 2021
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Sales 2022 1 099 M - -
Net income 2022 370 M - -
Net Debt 2022 63,4 M - -
P/E ratio 2022 2,51x
Yield 2022 6,31%
Capitalization 925 M 925 M -
EV / Sales 2022 0,90x
EV / Sales 2023 0,69x
Nbr of Employees 532
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Mean consensus BUY
Number of Analysts 4
Last Close Price 1,58 $
Average target price 2,15 $
Spread / Average Target 35,8%
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Emeka Onwuka Chief Financial Officer & Executive Director
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